Tagged: payments

December 4, 2020 @ 2:15 pm By Samantha Hurst  |  

Virgin Money announced earlier this week it has formed a new API integration partnership with technology source platform Twenty7Tec. Through the collaboration, the duo will streamline the search and application process for intermediaries by removing the need to “re-key” data in multiple places. “The integration… Read More

December 4, 2020 @ 11:49 am By JD Alois  |  

Revolut Business is challenging established payment platforms with its new feature that enables business accounts to accept payments that are deposited directly into their accounts. Yesterday, Stripe announced a service to provide digital banking to its customers. Today, Revolut is challenging Stripe and others by… Read More

December 1, 2020 @ 7:57 am By JD Alois  |  

Payments Fintech Pomelo Pay has raised £2.1 million in a seed funding round led by Force Over Mass, according to a note from the company. Pomelo says the new funding will enable it to grow its hardware-free digital payment service while helping both smaller firms,… Read More

November 30, 2020 @ 9:36 pm By JD Alois  |  

Payments Fintech Limepay has raised $21 million in what is said to be a pre-IPO funding round. Investors included current backers as well as new high net worth and institutional investors. Ord Minnett acted as lead manager, supported by Prime Financial as corporate and financial… Read More

November 27, 2020 @ 7:46 am By Omar Faridi  |  

Blockchain and Fintech advisor Efi Pylarinou notes that Stripe has been actively investing in many different startups — 22 and growing. Pylarinou writes in a blog post that Stripe is currently in the spotlight as the Fintech firm is ranked quite high based on several… Read More

November 26, 2020 @ 1:59 pm By JD Alois  |  

The Central Bank of Iceland (CBI) and SIA, a technology infrastructure and service provider for financial institutions, has launched a new real-time gross settlement system (RTGS) and a new instant payment platform. CBI is a public institution operating under the auspices of the Prime Minister…. Read More

November 24, 2020 @ 5:00 am By JD Alois  |  

JoomPay Europe S.A., a Fintech developing a social finance app aimed to enable money transfers across Europe, has obtained a Luxembourg Electronic Money Institution (EMI) license. Upon receipt, JoomPay will be able to serve clients across the European Union. JoomPay believes that Europe lacks simple… Read More

November 19, 2020 @ 2:07 pm By Samantha Hurst  |  

  Payment processing platform Klarna announced on Thursday it has expanded its in-store payment services to more than 60,000 stores nationwide, including various popular retail brands such as H&M, O.N.S. Clothing, The North Face and Timberland. According to Klarna, customers are now able to make purchases… Read More

November 18, 2020 @ 1:23 pm By Samantha Hurst  |  

Global payments platform Veem announced on Wednesday the launch of its latest product, Veem Check. According to Veem, U.S.-based users can now issue all of their domestic payments, which include online, check, or Instant Deposit, within minutes on the Veem platform.  “As small-to-midsize businesses continue… Read More

November 18, 2020 @ 9:15 am By JD Alois  |  

Payments as a Service Fintech Modulr has received a £9 million investment from PayPal Ventures to develop additional products and expand its customer base. Modulr is a Fintech service that integrates into any product or system. Users may automate payment flows, embed payments into their… Read More

November 17, 2020 @ 9:28 pm By Omar Faridi  |  

Global payments platform Adyen (AMS: ADYEN), which claims it’s the platform of choice for many of the world’s largest businesses, has announced that it would be expanding its operations into the Middle East region. Adyen’s management noted that they aim to support the momentum of… Read More

November 16, 2020 @ 9:57 pm By Omar Faridi  |  

Madhur Deora, President at Paytm, a major digital payments company, says that there’s no doubt that India is a leading technology market. Deora, whose comments came during a recent CNBC interview, states that it’s only natural that there will be a lot of competition from… Read More

November 12, 2020 @ 10:32 am By JD Alois  |  

As the COVID-19 health crisis lingers, e-commerce continues to boom. Social distancing, lockdown, and WFH have accelerated the digital transformation. E-commerce platforms have benefited dramatically from the pandemic along with affiliated digital payments. A survey completed by Plutus, a decentralized reward system, claims that crypto… Read More

November 11, 2020 @ 11:43 pm By JD Alois  |  

Danal Fintech, a subsidiary of Danal , a large payment company in South Korea, has joined the ICON blockchain ecosystem. Danal accounts for half of the market share in mobile billings, equivalent to $5.5 billion USD annually. Danal Fintech focuses on blockchain-based payment solutions and launched… Read More

November 9, 2020 @ 8:29 am By JD Alois  |  

Purple Dot, a payment platform for fashion merchandisers that enables consumers to offer to purchase a product at below the retail recommended price, has raised a £1.3 million seed round. The funding was led by Connect Ventures. Other investors participating in the round include AI… Read More

November 4, 2020 @ 8:53 am By JD Alois  |  

Nuapay claims it has uncovered apparent vulnerabilities surrounding payment cards, leading to a risk of fraud and “mounting consumer distrust.” The conclusion is being driven by an open banking report recently published where the firm says that more than one in ten (12%) of the UK… Read More

November 4, 2020 @ 7:47 am By JD Alois  |  

Payments Fintech PayMongo has partnered with Vesta, a fraud protection tech platform, to enhance the company’s advanced fraud detection capabilities. PayMongo is a fast-growing payments provider in the Philippines. Not too long ago, PayMongo raised $12 million in a Series A funding round led by… Read More

November 2, 2020 @ 9:51 am By Samantha Hurst  |  

Arcus, a Payment-as-a-Service (FaaS) platform, announced on Monday it has received an investment from Citi Ventures for expansion and partnerships in Latin America. Arcus claims that this investment marks the first investment by Citi Ventures in a Fintech company in Mexico. Founded in 2013, Arcus… Read More

October 30, 2020 @ 3:21 pm By JD Alois  |  

Lastbit Inc. has joined Visa’s Fintech Fast Track program, thus accelerating the process of integrating with Visa and allowing the company to more easily leverage the capabilities of Visa’s global payments network. Lastbit is developing a payments platform that enables consumers to utilize Bitcoin and make… Read More

October 30, 2020 @ 8:22 am By Omar Faridi  |  

UK-based Icon Solutions, a payments tech firm, has reportedly received an equity investment from JPMorgan, the world’s sixth-largest bank in terms of total assets. The value of the investment has not been shared publicly. Icon Solutions notably counts major institutions including BNP Paribas, HSBC and… Read More